Obama Stock Market
About Obama Stock Market
The stock market recovery during the Obama presidency from March 2009 to January 2017 was one of the strongest in presidential history. The S&P 500 rose from 676 to 2,277, a 237 percent gain. The recovery was fueled by zero interest rates, quantitative easing, and corporate earnings growth. The bull market lasted until COVID 19 in 2020, making it the longest bull market in history. Despite the strong market, the recovery was uneven, with wage growth slow and labor force participation declining. The Obama era stock gains benefited asset owners disproportionately, contributing to wealth inequality.
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